13,772 Intel Corporation $INTC Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its position in shares of Intel Corporation (NASDAQ:INTC) by 48.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 42,022 shares of the chip maker’s stock after buying an additional 13,772 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Intel were worth $4,872,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Intel by 98.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,049,167 shares of the chip maker’s stock valued at $125,900,000 after purchasing an additional 521,774 shares during the last quarter. StoneRidge PMG Advisors LLC bought a new stake in Intel in the third quarter worth $1,374,000. Burton Enright Welch boosted its holdings in Intel by 37.2% in the third quarter. Burton Enright Welch now owns 19,687 shares of the chip maker’s stock worth $2,367,000 after purchasing an additional 5,338 shares in the last quarter. RHL Group LLC lifted its holdings in Intel by 180.0% in the 3rd quarter. RHL Group LLC now owns 1,400 shares of the chip maker’s stock worth $168,000 after purchasing an additional 900 shares during the last quarter. Finally, Avion Wealth lifted its stake in shares of Intel by 9.7% in the third quarter. Avion Wealth now owns 2,706 shares of the chip maker’s stock worth $325,000 after buying an additional 240 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is collaborating with ZKH’s LingLong Intelligence on an industrial AI model that combines Intel edge processors with industrial data for use in factories and warehouses. The partnership could help Intel grow beyond traditional data-center markets, though the reports provide no near-term revenue estimates. Why Is Intel Pushing Deeper Into Industrial AI With New Edge Tools?
• Neutral Sentiment: Chip shares broadly recovered after a recent selloff, while Nvidia faced reports of a board investigation involving its CEO. That helped keep attention on alternatives such as Intel, but the coverage described Intel as holding steady amid the rival’s decline. NVIDIA Falls as Board Probes CEO; Intel Holds Steady
• Negative Sentiment: Democratic election wins in states with major data-center projects raised investor concerns about tougher AI regulation and constraints on the buildout. That uncertainty has weighed on AI-linked and semiconductor stocks, including Intel. Election Results and the AI Data Center Trade
• Negative Sentiment: Analysts also point to Intel’s weak fourth-quarter earnings outlook and China-related headwinds. Intel’s projected forward earnings multiple is higher than Nvidia’s in one comparison, raising questions about valuation given its ongoing turnaround and money-losing foundry business. Intel Stock Down 57% in the Past 6 Months: Should You Exercise Caution?

Insider Buying and Selling at Intel

In other news, CEO Lip Tan bought 150,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the acquisition, the chief executive officer owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INTC shares. Rosenblatt Securities cut their target price on shares of Intel from $80.00 to $70.00 and set a “sell” rating for the company in a research note on Friday, October 30th. Robert W. Baird set a $83.00 price objective on Intel in a research note on Friday, October 30th. HSBC reiterated a “buy” rating on shares of Intel in a research report on Friday, July 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Tuesday, October 27th. Finally, Morgan Stanley set a $85.00 price objective on shares of Intel in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $97.42.

Intel Price Performance

Shares of INTC opened at $59.37 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The stock has a market capitalization of $315.55 billion, a P/E ratio of -24.63, a P/E/G ratio of 6.23 and a beta of 2.42. The company has a 50 day moving average of $97.35 and a 200-day moving average of $86.63.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, equities research analysts forecast that Intel Corporation will post 1.04 EPS for the current fiscal year.

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